Income Verification

  • No DTI Calculated!
  • No Statement of Income Required!
  • Quontic Will Only Verify the Last Two Years of Employment:
    • Self-Employed: Accountant’s Letter
    • Wage-Earner: VOE² (No Income)
    • No Tax Returns or W2s are required. Not a Bank Statement Program

Asset Verification

  • 1 Month Bank Statement (covering at least 30 days)
  • 100% Gifts Allowed for Down Payment, Closing Costs, Reserves¹
  • Cash-Out Proceeds May Be Used Towards Reserves

Other Program Highlights

  • Purchase & Rate/Term Refinance up to 75% LTV
  • Cash-Out Refinance up to 65% LTV, Unlimited Cash-Out Funds
  • 1-4 Units, Condos, Coops, PUDs
  • Second Homes Allowed
  • Minimum 680 FICO
  • Loan Amounts up to $3,000,000
  • 5/6m ARM³, 7/6m ARM³, 15 or 30 Year Fixed
  • Interest Only Option Available on All Loan Terms Except 15-Year Fixed
  • First-time Homebuyers Eligible (Max 70% LTV)